Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Phemex against BloFin+0.005%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1151.146% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.005%, 7d avg −0.001%
=The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SKHY-USDT | 193.09 | 0.0120 | pay 0.0120% / 8h | 4h 12m | $2.3M | $438K | 50x |
| Short | Phemex SKHYUSDT | 193.10 | 0 | get 0.0000% / 8h | 4h 12m | $1.5M | $1.1M | 10x |
BloFin SKHY-USDT
Phemex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$25.2
- Price spread: +0.005% → −0.001%
- $0.61
- Slippage, 4 orders
- −$90.56
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$139.14
- Costs to cover
- 1.146%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Phemex: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 5 min ago | 0.26 bp | 6.3 bp −$6 | 7.8 bp −$78 | 17.3 bp −$1,730 | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.59 bp | 46.7 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
SKHY on 31 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0839% | 4h | 192.88 | −0.107% | $581K | $292K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0048% | 1h | 192.84 | −0.129% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.04 | −0.024% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.99 | −0.050% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.05 | −0.021% | $203.9M | $394.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.05 | −0.021% | $15.7M | $27.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.07 | −0.010% | $46.8M | $70.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.01 | −0.041% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.91 | −0.093% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.92 | −0.088% | $23K | $205K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.39 | +0.155% | $708 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.07 | −0.010% | $161K | $369K | 50x | as long as short |
| Phemex SKHYUSDTshort | 0.0000% | 8h | 193.10 | +0.005% | $1.5M | $1.1M | 10x | |
| QFEX SKHY-USD | +0.0015% | 1h | 193.03 | −0.031% | $1.2M | $4.0M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.95 | −0.073% | $1.0M | $688K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.94 | −0.078% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.02 | −0.036% | $60K | $161K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.00 | −0.047% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.03 | −0.031% | $202K | $255K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.98 | −0.057% | $161.4M | $67.9M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.96 | −0.067% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.01 | −0.041% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.90 | −0.098% | $582K | $2.4M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.03 | −0.031% | $1.1M | $316K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.07 | −0.010% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDTlong | +0.0120% | 8h | 193.09 | long leg | $2.3M | $438K | 50x | |
| Bitget SKHYUSDT | +0.0143% | 8h | 193.10 | +0.005% | $25.2M | $26.9M | 20x | as long as short |
| Nado SKHY-PERP | +0.0151% | 1h | 192.95 | −0.071% | $38K | $26K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0216% | 1h | 193.09 | 0.000% | $49K | $322K | 10x | as long as short |
| Phoenix SKHY | +0.0372% | 1h | 193.37 | +0.145% | $217K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.1058% | 1h | 193.17 | +0.041% | $49K | $19K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Bitget SKHYUSDT
Nado SKHY-PERP
Deribit SKHY_USDC-PERPETUAL
Phoenix SKHY
Kraken Futures PF_SKHYUSD